Nova LifeStyle Regains Compliance with the Minimum Bid Price Requirement
13 Januar 2020 - 3:00PM
Nova LifeStyle, Inc. (NASDAQ:
NVFY) (“Nova
LifeStyle” or the “Company”) today announced that on January 9,
2020 it received written notice from Nasdaq that the Company has
regained compliance with the minimum bid price continued listing
requirement. The Company regained compliance with this requirement
as a result of its common shares' closing bid price having been at
or above the minimum requirement of $1.00 per share for a minimum
of ten consecutive trading days. Following the Company’s regaining
compliance with the continued listing requirement, the matter is
now closed.
About Nova LifeStyle
Nova LifeStyle, Inc. is a well-established,
innovative designer and distributor of modern lifestyle furniture;
primarily sofas, dining room furniture, cabinets, office furniture
and related components, bedroom furniture, and various accessories,
in matching collections. Nova's family of brands include Diamond
Sofa and Bright Swallow. Nova's products feature urban contemporary
styles that integrate comfort and functionality, incorporating
upscale luxury designs which appeal to middle and upper
middle-income consumers in the USA, China, Europe, and elsewhere in
the world.
Visit Nova LifeStyle's website
at www.NovaLifeStyle.com.
Forward-Looking Statements
This document includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements other than statements of
historical fact are, or may be deemed to be, forward-looking
statements. In some cases, forward-looking statements can be
identified by the use of forward-looking terms such as
“anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,”
“may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,”
“objective,” “projection,” “forecast,” “goal,” or the negative of
these terms or other comparable terms. However, the absence of
these words does not mean that the statements are not
forward-looking. These forward-looking statements are based on
certain assumptions and analyses made by us in light of our
experience and our perception of historical trends, current
conditions and expected future developments, as well as other
factors we believe are appropriate in the circumstances. Actual
events or results may differ materially from the Company's
expectations. Factors that could cause actual results to differ
materially from those stated or implied by the Company's
forward-looking statements are disclosed in its filings with the
Securities and Exchange Commission. These forward-looking
statements represent the Company's judgment as of the time of this
release. The Company disclaims any intent or obligation to update
these forward-looking statements, other than as may be required
under applicable law.
Investor Relations ContactAndrew
Barwicki516-662-9461andrew@barwicki.com ir@novalifestyle.com
Nova Lifestyle (NASDAQ:NVFY)
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